18 May 2023
The Government’s annual Budget for 2023 includes the following proposals:
- Raising the trustee tax rate from 33% to 39% to align it with the top personal income tax rate for the 2024-25 and later income years (from 1 April 2024 for most trusts).
- From 1 July 2024, Government will make a 3% KiwiSaver contribution to recipients of Paid Parental Leave who make their own contribution of at least 3%.
The two measures will be included in an upcoming taxation bill. You’ll find more information on our Tax policy site.
Moving between Inland Revenue sites
Heads up. We're taking you to our old site, where the page you asked for still lives
Last updated:
18 May 2023